Exciting things are happening throughout Downtown New Albany starting with the intersection of Market and Bank Street.
The Italianate Style Monsch Hotel was built in 1871 and is currently under restoration.
The upper floors of the building will be 12 apartment units – 1 and 2 Bedroom. Units will be available September 1st 2015.
The first floor will be Downtown New Albany’s first Steakhouse called Brooklyn & The Butcher. The proprietor is Ian Hall, the owner of the Exchange located on Main Street. The menu will include Steaks, Seafood, Chops and Salads. Brooklyn & The Butcher is expected to open later this fall.
Renovation is nearing completion on the 1832-era buildings located on Main Street. The project, called the Underground Station, pays homage to the Underground Railroad efforts during the Civil War at the Town Clock Church located on Main Street.
Each commercial space features unique touches, such as exposed brick walls, wood ceilings, and salvaged lumber.
Currently one remaining residential apartment is available for lease in the Underground Station. It is a 1 bedroom 1 bath unit.
Four retail/commercial spaces are available for lease in the Courtyard Area ranging in size of 350sq ft. to 1200sq ft. For additional information please call Carter Management at 502-644-2989.
The city of New Albany has been installing wayfinding signage throughout downtown to highlight public parking areas.
More information to come on this project.
City Square Project Moving Forward
Construction on the expanded Downtown Farmers Market area (City Square) is proceeding. City Square is is expected to open this August.
The Downtown New Albany Farmers Market is located at 202 E. Market Street in downtown New Albany, Indiana. WIC and Senior FMNP checks accepted.
The Market is open on Saturday from 8:00am - 12:30pm and on Wednesdays from 4:00pm - 7:00pm.
Coyle Site Project Moving Forward
The size of the Coyle Project has has increased from 157 to 190 units. The developer is expected to purchase additional property including a vacant bank building near the Coyle site.
The apartment project to be located at the site of the old Coyle Chevrolet Dealership has been estimated to have a $30 million impact on New Albany over the first five years of the development, and create more than 100 jobs in that time frame according to published reports.
The Coyle Dealership building is expected to be used as a leasing office for the apartments. The plans also call for retail and restaurant space on the site.
401 East Main Street - (Former Steinerts Site) Sold
According to local Realtor Mike Kopp the former Steinerts building (401 East Main Street) has been sold with plans for using the building as a business office.
Steinerts closed in 2011 and a new business in this 6400sq foot building will be a great addition to Main Street. The building was built in 2005 for the Redmen Club.
More details to come as they become available.
1004 East Market Street Rehabilitation
This commercial building located at 1004 East Market (one on the left) would be perfect for a neighborhood café, bicycle shop, or some other funky business.
This project is being completed by ELE LLC. ELE has previously restored properties at the 1500 block of Main Street, 219 East 15th Street, East Spring Street, 100 block of East Market Street, Pearl Street behind the Farmer's Market, and East 10th Street in New Albany.
According to Matt Bergman one of the owners of ELE LLC "We are driven by the desire to enhance the community one home/building at a time. We have been inspired by Steve Resch and Matt Chalfant's abilities to dramatically change the landscape of downtown and midtown."
"The collective will of the community has pushed us to keep addressing blighted homes and buildings with energy and vigor. Our little company does not rent homes because we believe the market is perfect for starter and upscale homes in a blended community."
Downtown and Midtown includes 700 square foot houses and 20,000 square foot buildings that suit a wide range of people interested in being involved in the Renaissance of New Albany. We are proud to be involved in the resurgence and hope that many more new people consider New Albany as a place to call home."